Wednesday, December 30, 2009

Portfolio Update

This is how my portfolio fared.

CPLP had a bullish day on below average volume. The Stochastic and MACD indicators reacted by both crossing over their signal lines in the up directions. The bull move is continuing to rally swing traders may want to get back in for some more gains as it heads towards $10 per share.

EVEP had a bearish day on below average volume. The Stochastic and MACD indicators are both pointing down in agreement. All of this is a strong signal that the up move is at an end. Everyone interested in maintaining as much of their gains as possible should consider setting stops.

SLV had a bearish day on below average volume. The Stochastic and MACD indicators are touching their signal lines. Those not willing to stay in the ETF should consider setting stops to save what is left of their position. However, since today's movement started with a gap down and then proceeded to make a very small bodied candlestick with short wicks on top and bottom, it is possible that this is the beginning of a morning star doji candle stick pattern. It would be wise to see where it opens tomorrow. If it gaps up then this was the signal for the next bull move.

As for my option paper trades, everything is still moving sideways, so none of the ones I am watching have been moved into for a position.

As for new actual stock positions, AEA still hasn't broken out of this downward slop that it is on. I am starting to believe that it may be starting a new down trend. That is my opinion, you can take it or leave it.

Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

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